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20121226
20121226
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MSNBCW 3
CNBC 2
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Search Results 0 to 8 of about 9
CNBC
Dec 26, 2012 4:00pm EST
secretary geithner is telling the congress we're hitting the debt ceiling at the end of this year which is the part of the, as i mentioned, part of an effort to get congress to step in and act, not only on the fiscal cliff but on the debt ceiling, bill. >> thanks very much for the breaking news. we'll keep monitoring the situation. thanks, john harwood. a look now at financial sector and whether or not you should put your money in the banks. >> 12 months ago there was a lot of buzz about the regionals, but now it's the big banks that have done really, really well. we have the president and ceo at bell rock capital and jeffrey hart. welcome back. >> cassandra, how did we get that wrong, those saying was not a good environment for about the banks, 2012, low interest rates, you know, the low loan demand but yet the banks have done so well this year. why? >> well, it's time. time has been on banks' side. it took time for the real estate market to bottom and start to inch back up, and it took time for them to rebuild their capital positions and to let some of these problem loans work themsel
MSNBC
Dec 26, 2012 7:00am PST
? >> does it matter? if you look at the bipartisan agreement that is have come to this congress, the multiple agreements to avert shutdown, a debt ceiling deal two summers ago, oftentimes started with negotiations between the speaker of the house and president and ended being mostly in negotiation between the two senate leaders, getting enough republican senate votes to give people in the house cover and providing a lot of democratic votes in the house to pass it. you will have conservatives in the house that aren't going to support any plan you put forward. >> regardless, right. >> so you need democratic support and this idea that what happened last week with the boehner back-up plan meant that no plan will pass at all is misguided. this is how it rolls out every time but it's a matter of how large in scope to be to get enough votes. you can't go too far in one direction and alienate democratic votes and in the other way the more middle of the road republicans who support boehner is going to need. >> some are saying it looks intractable given the sequester, the triggers that we
CNBC
Dec 26, 2012 6:00am EST
, what is the chance we're doing this in february alling to with t ing i together with the debt ceiling and everything combined. >> that is an interesting question. we are talking about the debt ceiling. here, you will see a slight change in style of congress. there is a camp in the republican camp that says let's do nothing until we get to debt ceiling because that re-established our ledge. there is a movement that the president and congress say we're not going to play hostage again where we get downgraded and the country is on a real cliff and not pay our bills. there is a chance democrats look at republicans, say, fine, don't raise the debt ceiling, the fault of the united states of america will be on your shoulders. i hope we don't get that and get the out-line of a deal in coming weeks. it will have to address everything, tax writing committees and spending committees to do the larger deal, grand bargain in time. the debt ceiling thing, i hope that comes off the table. >> what's your thought on raising the retirement age at any degree, i'm sorry the age of eligibility for medicare
FOX Business
Dec 26, 2012 4:00pm EST
know the president and congress is all focused on the fiscal cliff, will there be any negotiations before the december 31 deadline on the debt ceiling number or will they table that and let treasury deal with it until they have to? >> the white house would like there to be one global deal that includes the debt ceiling but republicans are hearing nothing of that. the president proposed let's get rid of actually having firm vote on raising the debt ceiling, let's reduce a simpler system because of it rattles the market too much but republicans are saying they want to hold the debt ceiling in reserve in the negotiations because if you can't get a deal on taxes or prove some legislation december 31 raising tax increases, they want to use the debt ceiling to force negotiations on spending cuts going forward, david. david: tim geithner is on his own until the first of the year. >> yes. david: appreciate it. shibani: a look at the s&p futures including going back to the cme group. mark. >> looks like we gave away another $1.50 after close. i cannot imagine a good reason to carry a long p
MSNBC
Dec 26, 2012 9:00am PST
characterization it would be the most irresponsible thing. i think messing around with not raising the debt ceiling and risking the default on the american debt was probably the most irresponsible thing we've seen this congress do, but the thing we need to remember, this is the same congress that did that, the same congress that put the gun to the head of the american economy over raising the debt limit, which means paying bills for things we've already done. knowing this is the same group and we haven't entered the 113th congress yet, it's not surprising they are willing to do this with the fiscal cliff. it's clear also they don't care about deficits, because the two things they can't agree is rescind all the spending cuts in defense, in the sequester, which, of course, would raise the deficit if they did that, and they can't agree to any tax increases at all, even though tax increases would reduce the deficit. >> catherine, isn't it their deficit in large part deficit? >> of course, but they have political amnesia. ideology is the science of idiots. here's one of these moments where when you live
CNN
Dec 26, 2012 1:00pm PST
written to congress informing lawmakers that the country will hit its borrowing ceiling this coming monday, december 31st. but the estimates are that the treasury department can keep the country running through february or march. geithner says he will take what he calls extraordinary measures to keep the country from defaulting, but he says uncertainty from the fiscal cliff makes it hard to say how long they will be effective. >>> the white house and congress are scrambling to keep the country from going over that fiscal cliff. in a gallup poll done just before christmas, 50% surveyed says at the very or some what likely that they'll reach a deal in time, but 4% say it's not too likely or not likely at all . joining me to discuss this, maria cardona and anna navarro. and you look at this thing, i was talking to you, maria, in the break a minute ago, it's really starting to look like the fiscal cliff is actually going to come to pass. >> yeah, it looks that way, joe, which is so interesting because with the news that you just gave about the debt ceiling, it will make the fiscal cliff look a
MSNBC
Dec 26, 2012 10:00am PST
community should have about the ability of congress and washington to actually get stuff done will, again, be shaken. it was mentioned, jonathan mentioned earlier, you mentioned earlier summer of 2011, a useless debate about whether or not we should raise the debt ceiling, had been done 36 times, but we had to have an inane debate about that. now it's the fiscal cliff. and whether or not across the board cuts should be made to all kinds of services and programs because the super committee couldn't do what it was supposed to do. this doesn't help trying to put the country forward, put americans back to work, reestablish our prominence around the country and the world as the great nation we are. we need to see much more business and action out of washington. the cities require it, mayors need it, more importantly, americans are demanding it. >> something you'd like to see action on, mayors against illegal guns, there seems to be this push towards that. mr. biden has his own commission regarding it, but there is a worry amongst some folks once time passes, once we get past the state of the u
FOX Business
Dec 26, 2012 11:00am EST
of the debt ceiling crisis it was harry reid, the democrat leader in the senate and mcconnell, the republican leader who emerged as adults in the room and worked up something that got through congress. we are on the verge of something like that or at least an attempt to replicate that. how much of a role will whitehouse play, might just be as in 2011 the two senate leaders decide they can take care of this themselves. we will see when president obama gets back tomorrow. dennis: small, thinking a smaller deal rather than something sweeping. >> there was a sense the week or two ago that you have a big deal or we go off of the cliff but dynamics change next week and the reality is what is possible here is a small deal probably something that deals with the tax breaks or tax levels for most americans under $250,000 or maybe half a million dollars being extended, great uncertainty about everything else including tax rate for others in spending cuts and decisions kicked into next year seem to be possible and if that is possible the kind of deal i just described is probably only possible through the
CSPAN
Dec 26, 2012 12:00pm EST
to replace it. it was filled with water from floor to ceiling, corrosive saltwater which damaged everything. the last thing we want to do is to come back to congress for another $600 million after the next storm hits but we will we have to. it is in the best interest of american taxpayers to protect this critical stage in and other infrastructure elements of the large investments can be wisely spent. as superstorm sandy demonstrated, when the mta to stem a largest regional economy shutdown. it is critical that we make the necessary investments to protect the station and other critical infrastructure elements. our needs are great but more than the new york store your new york need. this is a national issue. a national need. we need the federal government's help not only to get us on the road to recovery but to protect these critical assets in the future. once again, thank you for holding this import hearing and giving me the opportunity to testify today. i will answer any questions later. .. >> our transportation assets include the busiest airport system in the country, including jfk, laguar
Search Results 0 to 8 of about 9